Company Updates

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Overland Storage inks financing deal with Marquette Commercial Finance

San Diego headquartered Overland Storage, Inc. has informed that it has signed an ‘Accounts receivable financing pact’ with Marquette Commercial Finance.

Alion Science & Technology picks order worth $77 million

Alion Science and Technology, Virginia-based technology solutions provider, has won a contract worth $77 million from the Army Aviation and Missile Command at Redstone Arsenal in Huntsville, Ala.

Fidelity National cancels its plan to acquire LandAmerica Financial Group

Fidelity National cancels its plan to acquire LandAmerica Financial GroupFidelity National Financial Inc. has finally decided to cancel its plan to acquire troubled rival LandAmerica Financial Group Inc.

Tokio Marine Holdings gets nods for merger of Philadelphia Consolidated

Philadelphia Consolidated Holding Corp. has informed that Tokio Marine Holdings, Inc. has received approval of its proposed acquisition of control of the Company from the Financial Services Agency of Japan.

MediaG3 arm signs service contract with WaiGaoQiao Import & Export

MediaG3 Inc.MediaG3 Inc., a leading developer and marketer of broadband wireless technology products and online applications, has informed that its wholly owned Chinese subsidiary, Oriental Media has entered into a service contract with WaiGaoQiao Import and Export Trading Company.

Comtech PST Corp. wins order worth $ 1 million

Comtech PST Corp.Comtech PST Corp., a subsidiary of Comtech Telecommunications has secured a $1 million order from a domestic prime contractor to supply high power switches.

VAuto inks pact with Enterprise Car Sales

VAuto inks pact with Enterprise Car SalesChicago-based VAuto, formerly known as mPower Auto has signed an agreement with Enterprise Car Sales, a division of Enterprise Rent-A-Car, to supply inventory-management systems for more than 170 Enterprise Car Sales locations throughout the

Estersline Corp. would buy Nylon Molding Corp. for about $ 90 million

Aerospace and defense component maker Esterline Corp. said on Tuesday it would buy Nylon Molding Corp. (NMC ) for a total consideration of $90 million.

NMC based in Pomona, Calif., is a designer and manufacturer of specialized fasteners for the aerospace/defense industry. The company employs 100 people in its manufacturing unit.

Invensys Group inks contract worth $6 million with Saipem

Invensys GroupInvensys Group has informed that its American unit, Invensys Process Systems (IPS), has signed a $6 million contract with Saipem, a subsidiary of Italian energy company Eni.

Orbitz Worldwide inks distribution pact with Millennium and Copthorne Hotels

OrbitzOrbitz Worldwide, a leading global online travel company has signed a distribution pact with Millennium and Copthorne Hotels & Resorts, to offer their European and Middle Eastern properties on its Web sites.

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